September 14th, 2022
Automotive Turbocharger Market
The Automotive Turbocharger Market is predicted to expand at a significant CAGR over the forecast period (2020-2027).
The factors driving the growth of Automotive Turbocharger Market includes growing demand for fuel-efficient gasoline-powered vehicles, strict Government regulations regarding the use of Turbocharged Gasoline Direct Injections and rising concerns about vehicular emissions around the world. Moreover, the rising emphasis on minimizing the dependency on non-renewable energy resources, increasing adoption of electric turbochargers and emerging need to downsize the engines, are some of the additional factors supplementing the Global Automotive Turbocharger Market. Moreover, the innovations in the automotive turbochargers, rapid growth in the additive manufacturing and increasing investments by manufacturers on research and development, are some of the additional factors supplementing the market growth. In addition, rapid urbanization, increasing disposable incomes, rising population growth rates, improvements in the living standards and favorable Government policies regarding the production of automobiles, are further propelling the market growth.
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However, the growth of Automotive Turbocharger Market is hindered due to growing demand for electric vehicles.
The prominent players operating in the Automotive Turbocharger Market are BorgWarner Inc., Continental AG, Honeywell International Inc., ABB, Cummins Inc., MITSUBISHI HEAVY INDUSTRIES, LTD., BMTS TECHNOLOGY, IHI Corporation, Magnum Performance Turbos, and TURBO ENERGY PRIVATE LIMITED, among others.
Fuel Type – Segment Analysis
Based on fuel type, the Gasoline segment is anticipated to grow at a remarkable CAGR during the forecast period attributed to growing adoption of Turbocharged Gasoline Direct Injections in gasoline-based vehicles.
Vehicle Type – Segment Analysis
Based on Vehicle Type, the Passenger Vehicles segment is projected to expand at a significant CAGR over the forecast period attributed to strict regulations imposed by Governments to reduce the carbon emissions.
Regional – Segment Analysis
Based on region, the Asia Pacific region is predicted to capture a sizeable market share during the forecast period. The increasing production of passenger vehicles, rapid economic growth in the last two decades, rise in vehicular emissions, rising disposable incomes, improvements in the living standards and high population growth rates, are some of the important factors influencing the market growth in Asia-Pacific.
Global Automotive Turbocharger Market by Vehicle Type
Light Commercial Vehicles
Heavy Commercial Vehicles
Global Automotive Turbocharger Market by Fuel Type
Global Automotive Turbocharger Market by Technology
Variable Geometry Turbocharger (VGT/VNT)
Global Automotive Turbocharger Market by Region
Rest of APAC
North AmericaUnited States of America
Rest of Europe
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